- I remember when I was younger,
I always wanted to be an archeologist.
And I would spend hours digging holes
in my family's backyard looking for buried treasure.
And although I'm not Indiana Jones, I can't help,
but feel this nostalgic feeling every time I get online
looking for that next hidden crypto project,
trying to find that diamond in the rough.
And we are seeing this treasure hunt unfold
before our very eyes.
There are teams of people right now,
combing the internet,
looking for NFT collections that launched during 2017.
And when they find these they're being sold
for millions of dollars.
And today I'm going to be discussing what I think
is the ultimate passive income play in cryptocurrency
and that is masternodes.
The thing is you have to get in on the good ones early
because like gold and treasure hunt,
the good ones get scooped up fast and they quickly
become unobtainable for the average person.
I've done tens of hours of research for this video,
and I'm gonna be sharing with you.
My three favorite ones I came across
and one that's making me over $170 of profit
in passive income every single day.
And be sure to stick around to the end of the video
because I give you my favorite sites I use
when I go masternode hunting, let's get into it.
(upbeat music)
What's up guys, my name is Chris.
And welcome back to another video.
My goal with this channel is
to document my journey of setting up
as many passive income streams as possible
and sharing them with all of you.
So we can all spend our time in life on the things
that actually matter.
And today we will be covering masternodes.
And the reason why I'm so excited about this is
because if you can find the right one,
you will have passive income for the rest of your life.
An example of this would be people who got
an Ethereum masternode for a couple of grands,
and now they make at least $20,000 every single year doing
nothing and that just exponentially just keeps climbing.
And that leads me into the disclaimer of this video,
I am not a financial advisor.
This video is for entertainment purposes only.
Please do your own research.
And if you do find any value in this video, be sure to like,
and subscribe for more content like this.
Myself and my cat beans we really appreciate it.
Now, first I wanted to discuss what is a masternode?
And why do we obtain rewards for having one?
Now a masternode is a computer on a cryptocurrency network
that enables features for that cryptocurrency and its users.
And by walking up a set amount of tokens,
that investor will then receive rewards.
And unlike mining, there's very little overhead costs here.
So anyone like me, or you can do this.
Now in my last video where I talked about staking,
there are some similarities with masternodes and staking,
but think of masternodes as staking
with higher requirements,
which usually mean higher rewards in process.
And these rewards come from the problems
that you're solving on the blockchain.
And these include things such as enabling
instant transactions, increasing the privacy of transactions
and the wish just keeps going on and on.
Now to give you guys an idea of some of the potential here,
you could have gotten a gala games masternode earlier on in
the year for about 500 bucks and up to this point,
you would have made over a $100,000 in rewards.
Now, as of right now, the gala games masternode
is over $28,000 and you receive $40 a day.
So about $1,200 a month.
And I think $1,200 a month is great,
but not when you're assuming a 27K risk.
And there's so much incentive to get into
these projects earlier on which leads me into
the three that I'm going to be discussing today.
The first node I'm going to be talking about in this video
is called strongblock, ticker symbol strong.
And right now I'm making a little over 170 bucks a day.
At the time of me filming this.
Now to get a strongblock node,
it takes 10 strong and strong costs $860
at the time of me filming this video.
And you make 0.091 strong per day.
And I bought two of these.
So right now I'm making 0.182 strong per day,
which comes out to be that $172 price point that I gave you.
Now, out of all of the projects
I'm going to be talking about here,
this is the most expensive.
However, they do pay out the highest rewards.
And I do think that there is some risk to this project.
They do have a very high reward system here.
And from my research, the higher reward system,
the more risk that investor will inherit.
Now, reasons why I'm still invested in this project are
I think that there is a ton of room of growth here.
It's only at 120 million market cap
at the time of me filming this video.
I like how the team is very transparent
and I think the risk versus reward just makes sense.
And I'll leave a link in the description below for all of
these nodes that I'll be talking about.
Project number two is storage X, ticker symbol SRX.
And at the time of me filming this video,
it costs about 2,700 bucks to make a node.
It's 5,000 tokens of the SRX blockchain.
And when you walk those up,
you get 750 tokens every single month.
Now keep in mind the more people that get nodes,
usually the lower the rewards become once again,
why it's so important to get in early.
And at the time of me filming this that 750 tokens is worth
about $400 every single month.
And this project has been around since July.
It's pretty new,
but I think there's massive room for growth here.
And you're probably thinking I have to lock up 2,700 bucks
just to make $400 a month.
But I think it's really important to have a long-term
mindset when it comes to these nodes.
And I wanna give you guys an example of that.
Now to illustrate this there's a project
I found called share token ticker symbol SHR.
And there was one point
where you could pick up a node of share for $2,000
and it would take 2 million tokens to do this.
This same project now costs $50,000 to get a node for.
And the rewards now are at $160 every single day.
And this project is just going up.
Now, if you would've gotten in on this project,
when it was $2,000 for the node,
you would only be getting about $10 a day or 5,400 tokens,
which now equates out to the $160 a day.
So it's really important to think of these long-term when
you are hunting for masternodes.
Now on this last one,
I'm actually going to give you guys a couple
and they are both incredibly affordable.
Now the first one I'm going to mention
is called plugin ticker symbol PLI.
And this is a brand new project.
I think it launched in mid-October sometime.
And it takes 2000 tokens,
which costs at the time of me filming
less than a thousand dollars.
And you'll make anywhere from a 100 to 200 bucks a month
from what I researched.
And the last node I'm going to mention in this video
is called pre-search ticker symbol, PRE.
And you can get a node for this for 2000 tokens,
which at the time of me filming this cost less than $500.
And this is a search engine that pays you in crypto
for just using it.
And I think that there is a massive
upside potential here for this one.
It's been around since 2017 and the market cap
is less than 100 million.
So according to market cap standards,
it is a micro-cap and the payouts on this one are not much.
However, if you would get this long-term,
I think there's an upside here that I went ahead
and I took the gamble on.
When it comes to signing up for these nodes,
It's incredibly important that you're actually signing up on
the real websites, not just a scam website,
because there are tons of scams in the crypto space,
and you can find all of those websites on coin market cap.
And one of the sites I used to hunt for masternodes
is masternodes.com.
You can easily type in your cryptocurrency just to see
one, do they even have a masternode and two,
how much does it actually going to cost
and what will be the ROI on that?
Now I typed in Vechain and you can see the top Vechain
masternode is around $3 million
and you make around $5,000 profit per month.
And they do not have all of the projects out there.
So if you are interested in a project,
it's probably just best to go to the Twitter
and Discord as well.
I will be posting a video in the future on how I hunt
for masternodes, but for now, just be sure to like,
and subscribe for more content like this.
And I'll see you guys next time.
(gentle music)